In this articleTSLA your favorite stocksCREATE FREE ACCOUNTA mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023.
The motor show will continue through April 9.
Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesTesla CEO Elon Musk predicted that Optimus robots, which have yet to hit the market, will eventually make up more than three-quarters of his automaker's value.In a post on X on Monday, Musk wrote, "~80% of Tesla's value will be Optimus." In mid-2024, Musk predicted that Optimus robots would someday turn Tesla into a $25 trillion company, which was equal to more than half of the entire value of the S&P 500 at the time of his .With Tesla in the midst of a multi-quarter sales slump due to competition from lower-cost Chinese competitors, an aging lineup of electric vehicles, and Musk's incendiary political rhetoric and involvement with the Trump administration, the world's richest person has been trying to convince Wall Street to look to the future.For Tesla, that dream revolves around a world filled with robotaxis and humanoid robots, powered by artificial intelligence."It is important to note that Tesla is by far the best in the world at real-world AI," Musk said on the company's second-quarter conference call with analysts in July.The blem for Tesla is that it's behind in those key .Read more CNBC newsKlarna aims to raise up to $1.27 billion in U.S.
IPOTesla asks for $243 million verdict to be tossed in fatal Autopilot crash suitAlibaba is a new AI chip — here's what we know so farMeta changes teen AI chatbot responses as Senate begins be into 'romantic' conversationsIn robotaxis, Tesla has only recently started tests in Austin, Texas, and San Francisco, while Alphabet's Waymo is in numerous and reached 10 million paid trips in May.
Baidu's Apollo Go is in China.Meanwhile, competition in humanoid robots is coming from the s of Chinese companies Unitree, which won multiple medals at the World Humanoid Robot Games.
Others in the space include Boston Dynamics, Agility Robotics, Apptronik, 1X and Figure.Musk said in March that Tesla plans to make 5,000 of its Optimus robots this year.
In its first-quarter holder deck, Tesla said it was on target for "builds of Optimus on our Fremont pilot duction line in 2025, with wider deployment of bots doing useful work across our factories."Tesla recently lost the person running the division.Milan Kovac, Tesla's vice president of Optimus robotics, announced his departure in June after nine years at the company.Tesla is Optimus with the aim of someday selling it as a bipedal, intelligent robot capable of everything from factory work to babysitting.— CNBC's Lora Kolodny contributed to this report.Don’t miss these insights from CNBC What Nvidia's earnings mean for the stock market and AI tradeJosh Brown says if Apple announced a deal with Perplexity AI, the s would hit a recordChallenging Buffett: Buying wonderful companies at fair prices isn't more fitableBest Stocks: The value name with one of the best long-term charts Josh Brown has ever seenWATCH: Useful but flawed, humanoid robots could achieve autonomy by 2027: 1X CEOwatch now7:3207:32Useful but flawed, humanoid robots could achieve autonomy by 2027: 1X CEOSquawk Box Asia